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Thailand – Baker & McKenzie Advises CP All On Acquisition Of Makro.

25 April, 2013

 

Baker & McKenzie advised CP All Plc, the local operator of 7-Eleven convenience stores in Thailand, in its approximately USD6.6 billion acquisition of a majority stake in Siam Makro Plc, the operator of Makro cash-and-carry stores in Thailand, from Netherlands-based SHV Nederland B.V., one of the world’s largest trading groups.  
 
This represents one of the largest acquisitions in Thailand to date, topping the landmark USD5.5 billion purchase of PTT Aromatics & Refining Pcl by PTT Chemical Pcl in 2011, in which Baker & McKenzie also acted as legal counsel to PTT Chemical. 
 
Baker & McKenzie represented CP All Plc in every stage of the acquisition, including arranging the acquisition financing and advising on the tender process. 
 
Baker & McKenzie's team was led by Bangkok partners Thinawat Bukhamana and Professor Kitipong Urapeepatanapong. Partners Theppachol Kosol and Chaveewan Likhitwattanachai of the Bangkok office, and James Huang of the Singapore office, also provided strong support for both the acquisition and related financing, which involved both Thai and English law. The team also received key support from Mike Jansen, Partner of the Amsterdam office.    
 
Other legal advisors that acted on the Marko deal:


•    Clifford Chance, Amsterdam, Hong Kong and Thailand – represented the seller.
•    Allen & Overy, Hong Kong (English law) – represented the Mandated Lead Arrangers and Lenders.
•    Hunton & Williams, Bangkok (Thai law) – represented the Mandated Lead Arrangers and Lenders.

 

For further information, please contact:

 

Jamie Kar, Baker & McKenzie
jamie.kar@bakermckenzie.com

 

 

 

 

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